102
102
Dec 15, 2012
12/12
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they are overleveraged already. their credit profiles will be extremely different. do we just shrink the market or think creatively about how to make sure these borrowers can be accommodated. that brings me to my last point, which is sustainable home ownership. our conversations have been dominated by the responsible borrower. we make sure only responsible borrowers are able to get a mortgage. that question implies the run-up to the crisis, we can debate the causes later until we are blue in the face. it implies a simplistic answer to the crisis. that ignores the systemic issues that we were dealing with and makes it a more simplistic answer then will we know is a complex situation. the right question is, how do we take those models and get them to scale so that we can build the most inclusive market possible? so they are able to get a loan. we are not talk about fancy and wildly creative things. we are talking about 30 year fixed mortgages. we have seen that it works. it only behooves us to grow the pie. as we think about our immigration policy, we need to think do
they are overleveraged already. their credit profiles will be extremely different. do we just shrink the market or think creatively about how to make sure these borrowers can be accommodated. that brings me to my last point, which is sustainable home ownership. our conversations have been dominated by the responsible borrower. we make sure only responsible borrowers are able to get a mortgage. that question implies the run-up to the crisis, we can debate the causes later until we are blue in...
274
274
Dec 24, 2012
12/12
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CNBC
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they buy assets that are in overleveraged situations that's how blackstone is one of the largest operator of hotel properties. and the largest institutional office space in the united states. they've been running out of office space and they have a ton of opportunistic investing when it comes to foreclosures. we're running out of homes. the better the economy is doing, hopefully from a bridge fiscal cliff, the more blackstone can get when it sells these properties. and then blackstone liquidity. of all assets they manage, they have performance fees on top of base management fees and these business performance fees are how you make the biggest money. down 127 billion. 66 billion or 52% is invested in earning performance fees. that means blackstone has 61 billion on sidelines they could put to work in a lucrative manner. right now blackstone sells for ridiculously low rate. they are the smartest people in the game. that's absurdly cheap. the reason it's so inexpensive is because while there are a lot of ways for blackstone to meet clarity expectations, it's opaque. maybe all of the above. i
they buy assets that are in overleveraged situations that's how blackstone is one of the largest operator of hotel properties. and the largest institutional office space in the united states. they've been running out of office space and they have a ton of opportunistic investing when it comes to foreclosures. we're running out of homes. the better the economy is doing, hopefully from a bridge fiscal cliff, the more blackstone can get when it sells these properties. and then blackstone...
230
230
Dec 19, 2012
12/12
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CNBC
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. >> what got us and hit us hard in 2008 was the overleverage in the system and banking system. consumers were over11 valeverag housing too high. the interest rate staying this low has helped everyone sort of at least de-leverage to some extent but have we transferred all that private sector leverage. >> to the public sector? we transferred it to the fed. it's still there. does it eventually mean our purchasing power the dollar has to go down. >> ultimately, there will be more inflation. >> everybody else is better. consumers are de-leverages, housing market de-leveraged. all these things that allow it to do well. corporate balance sheets de-leveraged. >> can you get the government to start this deal with its issues. i'm not one of these people that says it's not solvable. it's solvable. we have to give up a little bit suffering, some old time virtues. basically, it's solvable. simpson-bowles was start, the president's own commission. i think he has to move in that direction and hopefully we will before we have the crisis that forces it. we have evolved into a system of leadersh
. >> what got us and hit us hard in 2008 was the overleverage in the system and banking system. consumers were over11 valeverag housing too high. the interest rate staying this low has helped everyone sort of at least de-leverage to some extent but have we transferred all that private sector leverage. >> to the public sector? we transferred it to the fed. it's still there. does it eventually mean our purchasing power the dollar has to go down. >> ultimately, there will be more...
215
215
Dec 12, 2012
12/12
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CNBC
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everyone was overleveraged. we were at the core of the economy. we benefit from that positioning. when the economy goes bad and markets go bad, you can't hide from the fact that our industry plays a big role in it. if you reap the rewards when things are going well, you're going to heap a lot of scorn when things go badly. i think the way you have to deal with it mostly, you have to communicate, make yourself more transparent, deal with the issues head on, but the best thing to do is do what you do. do what we do in the ordinary course of our business, which is encourage companies to grow, to invest, to higher people, to build their businesses, and turn that into a virtuous circle again. we do a lot of fill lan tlphila. i don't know if there's another firm in the world that does as much. we help to finance small business, and we've run these programs for a long time. we do that in part because we have an ideology and ethic to prove the value of investment. that's a lot more sustainable than just raw philanthropy. our partners appreciate that because we do things on a human scale.
everyone was overleveraged. we were at the core of the economy. we benefit from that positioning. when the economy goes bad and markets go bad, you can't hide from the fact that our industry plays a big role in it. if you reap the rewards when things are going well, you're going to heap a lot of scorn when things go badly. i think the way you have to deal with it mostly, you have to communicate, make yourself more transparent, deal with the issues head on, but the best thing to do is do what...
133
133
Dec 14, 2012
12/12
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CSPAN
tv
eye 133
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they are overleveraged already. their credit profiles will be extremely different. do we just shrink the market or think creatively about how to make sure these borrowers can be accommodated. that brings me to my last point, which is sustainable home ownership. our conversations have been dominated by the responsible bar er.owo we make sure only responsible borrowers are able to get a mortgage. that question implies the run-up to the crisis, we can debate the causes later until we are blue in the face. it implies a simplistic answer to the crisis. that ignores the systemic issues that we were dealing with and makes it a more simplistic answer then will we know is a complex situation. the right question is, how do we take those models and get them to scale so that we can build the most inclusive market possible? so they are able to get a loan. we are not talk about fancy and wildly creative things. we are talking about 30 year fixed mortgages. we have seen that it works. it only behooves us to grow the pie. as we think about our immigration policy, we need to think d
they are overleveraged already. their credit profiles will be extremely different. do we just shrink the market or think creatively about how to make sure these borrowers can be accommodated. that brings me to my last point, which is sustainable home ownership. our conversations have been dominated by the responsible bar er.owo we make sure only responsible borrowers are able to get a mortgage. that question implies the run-up to the crisis, we can debate the causes later until we are blue in...